Credit Agricole S A held its stake in Student Transportation Inc (NASDAQ:STB) (TSE:STB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock at the end of the fourth quarter. Credit Agricole S A owned 0.11% of Student Transportation worth $559,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. CIBC World Markets Inc. boosted its position in Student Transportation by 4.4% in the third quarter. CIBC World Markets Inc. now owns 2,046,015 shares of the company’s stock worth $12,256,000 after buying an additional 85,458 shares during the last quarter. PARK CIRCLE Co boosted its position in Student Transportation by 3.1% in the third quarter. PARK CIRCLE Co now owns 662,200 shares of the company’s stock worth $3,967,000 after buying an additional 20,000 shares during the last quarter. Spark Investment Management LLC boosted its position in Student Transportation by 120.7% in the third quarter. Spark Investment Management LLC now owns 525,000 shares of the company’s stock worth $3,139,000 after buying an additional 287,094 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in Student Transportation by 507.6% in the third quarter. Monarch Partners Asset Management LLC now owns 436,970 shares of the company’s stock worth $2,617,000 after buying an additional 365,050 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its position in Student Transportation by 8.1% in the fourth quarter. Hodges Capital Management Inc. now owns 400,800 shares of the company’s stock worth $2,240,000 after buying an additional 30,000 shares during the last quarter. 22.91% of the stock is owned by institutional investors and hedge funds.
Student Transportation Inc (NASDAQ:STB) opened at 5.485 on Tuesday. Student Transportation Inc has a 12-month low of $4.66 and a 12-month high of $6.08. The company has a market capitalization of $505.36 million, a PE ratio of 121.889 and a beta of 0.74. The firm’s 50 day moving average price is $5.58 and its 200-day moving average price is $5.70.
Student Transportation (NASDAQ:STB) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Student Transportation had a net margin of 0.71% and a return on equity of 3.51%. The firm earned $177.20 million during the quarter, compared to the consensus estimate of $179.99 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Student Transportation Inc will post $0.07 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Wednesday, June 28th. Student Transportation’s dividend payout ratio (DPR) is presently 880.00%.
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STB has been the topic of a number of research analyst reports. Raymond James Financial, Inc. initiated coverage on Student Transportation in a report on Friday, December 2nd. They set an “outperform” rating and a $6.50 price target on the stock. Zacks Investment Research cut Student Transportation from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.88.
Student Transportation Company Profile
Student Transportation Inc is engaged in providing school bus transportation services in North America. The Company operates through two segments: transportation, and oil and gas. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represents the Company’s investments as a non-operator in oil and gas interests.
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